Finances

The first step we’d recommend is getting your finances in order. Know how much money you will have set aside for a deposit and also talk to a mortgage broker (we can recommend one) to find out what you might be able to borrow.

The best scenario to be in when looking for a property is having a mortgage agreement in principle – this makes you attractive to vendors as in theory, you can move faster than someone without such an agreement. This also solidifies your budget so you can be clearer on the properties you might be able to purchase.

One extra thing – depending on the price and the current rates, make sure you set aside enough money to pay the stamp duty for a property.

Viewings

Once you’re in a position to book in some viewings for properties, it’s worth asking a number of questions (if you’re viewing with us, we’ll of course tell you everything you need to know).

• If the property is a leasehold property, how long is left on the lease?
• Does the property have gas central heating, modern insulation and double glazing? If not, these are big ticket items to get fitted
• Is there a service charge for the property (common with flats)?
• What local transport links are there?

If you like a property, its always worthwhile seeking second viewings (better at a different time of day to the first) with friends/family to get extra opinions.

Offering

Once you’re in a position to make an offer for the property, call the estate agent and let them know. They will pass it on to the vendor and it will either be accepted or rejected. There may be a counter-offer.

If there are a number of people keen to buy the property, you might be invited to take part in a sealed bid.

Legal

When your offer is accepted, you’ll need the services of a conveyancer. Conveyancers are legal specialists who will handle all aspects of the contract and legal side of purchasing a property for you.

It’s also hugely recommended to hire a chartered surveyor, who will check the property for defects so you know exactly what you’re buying before you buy it.